mortgage

Closing costs: States ranked

Closing Costs » Results

The table below ranks states by average closing costs, from most expensive to least expensive. Your final charges probably will be higher than shown here because the most highly variable costs are not included: title insurance, title search, taxes, other government fees and escrow fees.

Bankrate requested good faith estimates for a $200,000 mortgage loan from up to 10 lenders in each state, plus Washington, D.C. The hypothetical loan was for a purchase of a single-family house in the state's largest city, using a 20 percent down payment, with excellent credit. An asterisk denotes a tie in the rankings.

Closing costs

2014
rank
StateLender's
origination fees
Third-party
fees
Origination plus
third-party fees
1Texas$2,280$766$3,046
2Alaska$2,195$703$2,897
3New York$2,109$783$2,892
4Hawaii$2,009$799$2,808
5Wisconsin$2,035$671$2,706
6Nebraska$1,975$679$2,654
7Vermont$1,979$670$2,649
8Florida$1,982$666$2,648
9New Hampshire$1,975$666$2,641
10New Jersey$1,891$733$2,625
11Alabama$1,967$646$2,613
12North Carolina$1,887$714$2,602
13North Dakota$1,936$663$2,599
14Kansas$1,956$625$2,582
15Louisiana$1,928$652$2,580
16Rhode Island$1,931$645$2,576
17Massachusetts$1,871$693$2,564
18South Dakota$1,940$623$2,563
19Mississippi$1,931$629$2,560
20Oregon$1,896$663$2,559
21Connecticut$1,885$670$2,555
22California$1,881$661$2,542
23Utah$1,889$648$2,537
24Wyoming$1,890$628$2,518
25*West Virginia$1,805$711$2,516
25*Delaware$1,771$745$2,516
25*New Mexico$1,761$755$2,516
28Pennsylvania$1,907$603$2,511
29Oklahoma$1,908$591$2,498
30Maine$1,854$643$2,497
31South Carolina$1,786$708$2,494
32Montana$1,796$695$2,491
33Illinois$1,841$640$2,481
34Virginia$1,840$639$2,479
35Iowa$1,773$675$2,448
36*Idaho$1,800$641$2,440
36*Indiana$1,796$644$2,440
38Minnesota$1,836$619$2,436
39Colorado$1,817$619$2,436
40*Washington$1,830$605$2,435
40*Michigan$1,835$600$2,435
42Georgia$1,766$667$2,433
43Kentucky$1,790$640$2,430
44Arizona$1,810$615$2,425
45Arkansas$1,815$605$2,420
46Maryland$1,836$568$2,404
47District of Columbia$1,791$612$2,402
48Ohio$1,707$685$2,392
49Missouri$1,749$638$2,387
50Tennessee$1,746$620$2,366
51Nevada$1,570$695$2,265
     
 Average$1,877$662$2,539

*Denotes a tie

Bankrate.com surveyed up to 10 lenders in each state in June 2014 and obtained online good faith estimates for a $200,000 mortgage to buy a single-family home with a 20 percent down payment in the state's largest city. Costs include fees charged by lenders, as well as third-party fees for services such as appraisals and credit reports. The survey excludes title insurance, title search, taxes, property insurance, association fees, interest and other prepaid items.

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